XM Canada satellite radio service announced today it has achieved 350,000 subscribers as of the end of its first quarter ended November 30, 2007. The number of subscribers increased by 86 per cent over the first quarter of last year.

As part of the company’s continuing efforts to align its definitions more closely with industry norms, XM Canada’s subscriber numbers now include rental cars installed with XM Canada’s service for which the Company receives compensation. Excluding rental cars, XM’s subscriber base was 338,000 this quarter and 306,300 at the end of the fourth quarter of 2007.